Call me cynical.
Invest/rape
SoftBank and Saudi Arabia's sovereign wealth fund are preparing to launch a technology investment fund, to be based in London, which will invest as much as $100bn into the global tech sector. Tentatively dubbed the SoftBank Vision Fund, the investment vehicle will operate over the next five years and will be seeded with $25bn …
So, on the one hand the Japanese are mewling pathetically that Brexit is harmful to them and they're threatening to move their regional administration offices out of the UK, yet at the same time to invest billions globally from a new and specifically London based fund?
Yo! Japanese! What's so magical about London if you're fully subscribed to the sackcloth and ashes narrative of the Remainderers?
they are just buying foreign stuff with their leftover cash as the
http://www.global-rates.com/interest-rates/libor/japanese-yen/jpy-libor-interest-rate-overnight.aspx
overnight cash deposit rates in Tokyo are all minus (around -0.02 to -0.2%)
I'd personally buy stuff like ARM if the alternative was to lose money in the bank
(it might be much more complicated than this, IANACO/I am not a casino operator)
Without the unnecessarily derogatory tone towards those who don't think Brexit is a good idea I also find this curious. We have an article on the Reg today bemoaning how badly tech in this country is being affected already by the negative sentiment 'foreigners' feel is coming from the UK and now an investment vehicle specifically for tech.
It doesn't say whether the investments will be specifically targeted within the UK but if not then I would be wondering why they have chosen London as the base.
Can anyone shed light?
London is still the centre for globalised finance - if that changes 5 years down the line they can always move.
But part of the reason London is the centre is the legal system - it's seen as relatively fair, transparent and efficient - somewhere everyone can agree on for contracts between international entities.